Norwegian to raise around $45 million through share issue

Norwegian will issue up to 1.62 million new shares, corresponding to some 5% of the outstanding total, in a capital raising expected to generate NOK250-NOK260 million ($43.9-$45.7 million) based on Friday's closing price. "We see new opportunities ahead. This combined with Norwegian's positive development makes the timing good for strengthening the company's financial position and flexibility even further," CEO Bjorn Kjos said. HBK Invest AS, a company controlled by Kjos and DY Chairman ...